What are the Risks of Skipping a Pre-Purchase Property Inspection?

Are you thinking of skipping a home inspection before buying a new property in Tasmania to avoid any extra cost?

Well, you might be making a huge mistake of skipping the house inspection.

One of the biggest investments that an individual can make is investing in a house. Therefore, it is extremely necessary to check and be sure of the house where you are going to start a new journey. Skipping out on the pre-purchase property inspection involves innumerable risks that might not be visible initially.

It has been a common trend among buyers to opt out of the inspection process nowadays and to quickly grab on to the available deal for the dream house. Real Estate agents are witnessing this ‘new normal’ trend among the buyers to secure their homes but actually, they are making the biggest mistake. It is a risky decision as a buyer is often unaware of a lot of information about the particular house.

What are the hidden Costs of Skipping Out Property Inspection before Purchasing?

Without a detailed inspection of the new home, it is literally impossible to gain an entire and complete overview of the home. Therefore skipping out on the property inspection might have several hidden costs which you as a buyer are neglecting.
Let’s check out some major issues that you are missing out on while you are leaving out your home inspection process.

Making a Blind Investment
Can you imagine buying a car without a test drive?
Well of course not!
Then why would you invest in a house without inspecting it?

If you discover certain defects in various parts of the house after moving in, then you have to make the entire payment to fix the issues.

Undisclosed Safety Threats and Hazards:
One of the major concerns of skipping a pre-purchase property inspection process is overlooking some of the various safety issues of the house. Without a proper inspection, you might not find out the pressing safety issues like the electrical hazards, and fire hazards before closing on the deal. There are many situations in the house that require immediate attention and repairs. Unavailing a thorough home inspection will lead to these safety threats for the residents of the house.

Expensive Repairs
You might be opting out of the inspection process of the property thinking it to be an extra cost at the moment. But, overlooking this part can actually cost you much more.
While you leave out of the inspection process, you might not notice the required issues that need to be repaired for you to reside in the house. Eventually, after sealing the deal and shifting to the new place you might find out about the issues and it might cost you a hefty amount for you to fix the issues which you need to pay now.

No Home Maintenance Plan
Homes don’t come up with the maintenance manual and guidance like other vehicles and devices. As a buyer and a resident, you need to take care of the house by fixing the issues and taking precautionary measures for future damage.
Opting for a proper pre-purchase property inspection process brings home inspectors with professional experiences who can guide you and provide advice on future maintenance of the home thereby making you educated about the new house that you are investing in, both financially and emotionally. It helps a buyer decide on whether he or she should finally make the deal or not.

As a buyer, it is your first and foremost responsibility to ensure that the property you are investing in is the right one by checking and inspecting the entire house with an experienced and professional home inspector.

Top 4 Things to Look for While Choosing a Building Inspection Company

Are you having thoughts about purchasing a new house in recent time?  

Are you looking out for some professional home inspectors or building inspection companies in Tasmania or around for the pre-purchase inspection?

Investing in a home is both a financial and emotional investment and therefore requires a lot of planning as well as undertaking the right steps in making the final decision. 

Calling an expert for house inspection should be considered a crucial part and should be within the home purchase budget considering the fact that not inspecting the house might be risky as the structure can have serious defects and require repairs. 

However, the market has innumerable house inspectors and property inspection companies that can help you with house inspection and report generation but choosing the suitable and the right inspector is important. But, how to choose the right inspection company that would be trustworthy? 

 

What are the Things to Consider while Hiring a House Inspector?

Hiring a qualified company is equally essential as hiring their inspection services. You cannot opt for a company that has a proven track record of negative feedback and not so good experience in the market. Settling for the very first inspector that comes up in the search result is not a good idea. Firstly conduct detailed research on the best house inspectors of your region in Tasmania and other relevant areas and then make your decision accordingly. 

Let’s check out the various things to consider while hiring a building inspection company in Tasmania for your newly purchased house. 

 

Do they have expertise in the type of Inspection You are Looking for?

The first thing that should come up to your mind while selecting a suitable house inspector for your pre-purchase property inspection is whether they have expertise in the relevant inspection type. This is important as different inspections require a different set of skills. Therefore finding the right company with the right expertise is indeed an essential thing for a buyer. 

 

Do they have good referrals and feedback?
Always make sure to do your research while opting for your house inspector. Ask your family and friends for recommendations of any known inspector or simply Google the inspector you have got. However, ensure that the inspector you choose for your property inspection before purchase must have a track record of good feedback. Check out the online reviews and then choose wisely based on the referrals. 

 

Do they allow You onsite during the Inspection process?

You can get to understand a lot about an inspector by his allowance of letting you onsite during the pre-purchase property inspection process. An experienced house inspector with good professional knowledge and expertise will always allow you to be present during the house inspection. You might be allowed for a limited time but at least, you will know about the issues. 

 

Will they provide relevant Reports?

A house inspection report is an integral part of the pre-purchase property inspection. It is based on the report that you get to decide whether investing in the house is worth it or not. A good building inspection company will provide you with an in-depth analysis of the house structure mentioning the issues and the areas that need repair and attention. 

 

Avoid any kind of unwanted inspection issues and therefore opt for the inspectors from the referrals made by your family and friends who have opted for their services. Check out the relevant points before finalising your building inspection company in Tasmania and you can be rest assured about your incredible inspection experience. 

Avoid Dangers And Hazards With Property Inspection

It goes without saying that home inspections are a crucial part of the property purchasing process. Despite this, very few prospective home buyers in Tasmania factor it into the things they need to do. Most have the mentality that property inspections take up too much time and come with costs they’d like to avoid. While it’s true that skipping an inspection can reduce expenses and speed up the home buying process, it still cannot be denied that it’s a critical step to make sure your home is free of hazards and dangers. Let’s check out the ways to protect your financial investment with trustworthy property inspection in Tasmania.

Closely examining installations and structural aspects

A building needs structural soundness to ensure a long lifespan. With the passing of time, neglected fragile elements of ceilings, walls, windows, doors etc. are likely to buckle under pressure and disintegrate, in this manner resulting in injuries or even serious accidents.

Things such as a hairline wall crack which may seem harmless to a lay person could  potentially be reflective of serious defects and may result in costly remedial works.This can be avoided with the help of property inspection in Tasmania. Professional inspectors are trained to identify flaws and figure out if there’s cause for concern and evaluate the costs of fixing the property to its original state.

Inspecting plumbing systems and fire safety

During property inspection in Tasmania, inspectors examine critical areas in plumbing systems like pipes, water tanks, drains and so on to identify deterioration, rust or fissures. Neglected water leakage over a period of time can seep into wooden furniture and corrode it irreparably. On top of being displeasing to the eye, soggy wooden furniture or flooring is likely to result in slips and falls.

In terms of fire safety, inspectors would check if fire emergency equipment is easily available. Based on the size of the property, inspectors will check whether fire extinguishers and smoke alarms have been installed. They will confirm whether the existing equipment adheres to the fire standards of your locality.

Inspecting electrical systems

It’s important to thoroughly inspect electrical systems, ensuring that the property is safe for occupants, especially young children. Identify any faulty wiring, test power sockets, circuit breakers and report and electrical hazards.

On top of avoiding dangers, fire system checks allow occupants to consume and manage energy efficiently. Additionally, professional inspectors will share information on the main practices to follow for electrical maintenance.

Determining hazardous spaces of a property

In addition to examining the areas mentioned above, property inspection in Tasmania will also expose particular areas or sections of the property to possible hazards. Components like slippery staircases, jagged window panes, and old gas lines are some of the areas which could cause unwanted accidents. Neglecting such hazardous elements can cost you a lot money-wise and physically in case there is a mishap.

While you may be swayed to cut costs by skipping property inspections, you must realise that just by making a small investment you would essentially be safeguarding your health and safety. So, don’t hesitate to opt for matchless property inspection in Tasmania!